Credit ReportsCredit Reports
Understanding your credit report and credit score can help you manage
and improve your credit situation.
By knowing what affects your credit report and credit
scores, you will be able to take positive actions that may lower...
More
Credit ReportsCredit Reports
Understanding your credit report and credit score can help you manage
and improve your credit situation.
By knowing what affects your credit report and credit
scores, you will be able to take positive actions that may lower your credit risk and
increase your credit score.
There are three major credit bureaus: Equifax, TransUnion, and Experian.
Together, these
three bureaus compile and maintain credit files on nearly 90 percent of adults in the
United States.
A common public misperception is that these bureaus are government agencies or
extensions of the federal government.
In fact, the bureaus are private, for-profit
companies that gather your credit history information and sell it to businesses that are
legally permitted to see your report.
The businesses allowed to request your credit report
include creditors such as banks and credit unions, credit card companies, mortgage
lenders, and retail stores, in addition to employers, landlords, and insuranc
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